Monday, July 16, 2007

SanDisk (SNDK)


One stock is of particular interest to me. I like the chart but I feel the stock has become too extended here. On Friday the daily chart was indication 'indecision' (as viewed on a daily chart). I am waiting for a pullback to spot a good entry point. The chart shown here is a weekly chart.
Some stocks don't pull back and grabbing an entry becomes "chasing the stock" , which I never recommend doing.

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